Two recent reports – one from the U.S. Energy Information Administration and another from analysis company GasBudy – predicted the lowest gas prices in a decade this summer for Maine and the rest of the country.
Both indicated average gas prices would be less than $2.50 per gallon for regular unleaded gas during the summer driving season, which stretches from Memorial Day through Labor Day. The cost for a gallon of gas hasn’t been that low since 2005, prior to the economic downturn.
Last year, the average cost for a gallon of gas at this time was nearly $3.65 for regular unleaded. Now, it’s about $2.40 a gallon. It’s slated to dip even lower this summer.